Question
. Below is an alphabetical listing of the accounts of Walkers, Inc. as of December 31, 2016. Accounts payable Investment in securities available for sale
. Below is an alphabetical listing of the accounts of Walkers, Inc. as of December 31, 2016.
Accounts payable Investment in securities available for sale
Accounts receivable Land
Accumulated depreciation: Notes payable (due 2017)
buildings and equipment Office supplies
Additional paid-in capital on common stock Patents
Allowance for doubtful accounts Prepaid insurance
Bonds payable (due 2018) Retained earnings
Buildings and equipment Salaries payable
Cash Taxes payable
Common stock, $5 par Treasury stock
Discount on bonds payable Unearned rent
Dividends payable Inventory
Required: Prepare the Asset section (only) of a properly classified balance sheet (without amounts) for Walkers, Inc. on December 31, 2016. Make sure you include a formal heading for the balance sheet and all section headings, subtotals and totals for the Asset section. (21 pts.)
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